27 Jul '13, 2pm

ABB set to acquire Power-OneElectronic Products & TechnologyLeaders in power and automation technologies, ABB

Leaders in power and automation technologies, ABB Ltd . is set to acquire Power-One I nc., Camarillo CA, provider of renewable energy and energy-efficient power conversion and power management solutions. The deal was sealed following a special meeting of stockholders, which approved the adoption of the merger agreement, whereby ABB will acquire Power-One for $6.35 per share of common stock. As previously announced, ABB agreed to acquire Power-One in an all-cash transaction valued at approximately $1.0 billion.

Full article: http://www.ept.ca/news/abb-set-to-acquire-power-one/10024...

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